October 12: SME and MSME contribution to India’s industrial and business landscape is significant. These have generally contributed to approximately 30% of India’s GDP over the years, though the Pandemic driven disruption saw a significant decrease in their share of India’s GDP (~26.8%).
The Pandemic impacted the players in this sector significantly, with more than 67% of registered MSMEs ceasing operations for at least three months, and around 4% of all registered MSMEs faced permanent business closure (Source: MSME Website and Media Reports)
The ones who braved the disruption and survived the Pandemic now have an arduous task and mission ahead of them – The imperative to be Digital!
While India’s economic journey on digitalization began earnestly with the post-demonetization-led growth in Digital payments, the Pandemic accelerated and made it a necessary and sufficient condition for each business to be a digital business – large/ medium/ small, manufacturing or services and whether the business was brick and mortar or eBusiness prior to the Pandemic.
ProcureGenie, an SME/ MSME focussed cloud driven Digital Supply Chain Marketplace – though a fledgling startup – born amidst the Pandemic, weathered the initial bottlenecks due to the Pandemic – specifically in arresting the Technology talent flight to a larger corporation. The aftermath of the Pandemic and the growth in Digital Business transactions validated the promoter Mr. Jayesh Chaudhary and Mr. Premal Vasavada’s business vision and proposition of “Making Digital SME/ MSME Ecosystem”.
The Procure Genie Solution model is “Fit for SME/MSME” and “Plug and Play” Jumpstart architecture that enables SME/ MSME organizations to progressively embark upon the Digital Business journey with minimal effort while enabling them to mitigate the operational, execution and management challenges presented by traditional manual/ offline processes and procedures.
ProcureGenie is a modular maturity-driven model that provides a “One Platform” view and automates the whole supply management cycle, from requisitions to catalogues to sourcing to POs to deliveries to GST compliance and reconciliations. It also enables the on boarding of vendors and GST KYC.
The results of ProcureGenie’s current customers in transitioning to the Digital Business model in terms of their ability to optimize the overall production/fulfillment and administrative expenses while improving their service levels and Fulfillment rates to their end customer organizations – many times large to global Indian conglomerates have been exemplary.
The words of an MSME Entrepreneur that count as one of the first and early adopters of the ProcureGenie Platform, “I was awed by what Social media platforms did for my personal connections, and now I see ProcureGenie helping my business to have a Global Digital presence – enabling opportunities not even visible in my traditional operations… it has given Second Life to my business and aspirations soaring” sums up the essence of how Digital Business platforms can provide the springboard to SME/ MSME – a Sector that virtually drives the global cogwheels of Indian Industrial sector.
LinkedIn page.
If you have any objection to this press release content, kindly contact pr.error.rectification[at]gmail.com to notify us. We will respond and rectify the situation in the next 24 hours
Wohh exactly what I was looking for, thankyou for posting.
I have been checking out a few of your articles and i must say clever stuff. I will surely bookmark your site.
You can definitely see your expertise in the work you write. The world hopes for more passionate writers like you who are not afraid to say how they believe. Always follow your heart.
I?¦ve learn several good stuff here. Definitely price bookmarking for revisiting. I wonder how so much effort you place to create this sort of excellent informative site.
Excellent blog! Do you have any hints for aspiring writers? I’m hoping to start my own site soon but I’m a little lost on everything. Would you recommend starting with a free platform like WordPress or go for a paid option? There are so many options out there that I’m totally confused .. Any ideas? Many thanks!
I don’t even know the way I stopped up here, but I thought this post was once great. I don’t know who you are but certainly you are going to a famous blogger should you are not already 😉 Cheers!
I’ve recently started a website, the information you provide on this web site has helped me greatly. Thank you for all of your time & work.
Great wordpress blog here.. It’s hard to find quality writing like yours these days. I really appreciate people like you! take care
Excellent web site. Plenty of useful information here. I am sending it to a few friends ans also sharing in delicious. And obviously, thank you to your effort!
I conceive other website proprietors should take this site as an model, very clean and good user pleasant pattern.
Amazing! This blog looks exactly like my old one! It’s on a completely different subject but it has pretty much the same page layout and design. Great choice of colors!
Greetings! Very helpful advice on this article! It is the little changes that make the biggest changes. Thanks a lot for sharing!
Some genuinely good blog posts on this web site, appreciate it for contribution. “Always aim for achievement, and forget about success.” by Helen Hayes.
Hello. impressive job. I did not imagine this. This is a excellent story. Thanks!
I think other web site proprietors should take this web site as an model, very clean and magnificent user friendly style and design, as well as the content. You are an expert in this topic!
I was examining some of your blog posts on this site and I believe this web site is rattling informative ! Keep putting up.